Oakland Multifamily Market Report

Development Fills; Equity Inflows Enter in Torrents - Written by Marcus & Millichap - Posted Oct 4, 2016

Economy gathers steam, driving occupancy and rents up. The East Bay multifamily market is teeming with renters as the high cost of homeownership and continued economic expansion intensify demand for metro apartments. Corporate relocation as well as organic business growth are creating job opportunities in well-paid employment sectors, drawing highly skilled workers to the metro. Additionally, Oakland offers the most affordable rents in the Bay Area, attracting value-seeking renters. As a result, demographic metrics signal continued success...

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